Maersk Family Bids $1.3 Billion to Reclaim Full Control of Svitzer
The Maersk billionaire family offered to buy Svitzer Group A/S in a deal valuing the tug operator at about 9 billion kroner ($1.3 billion), just one year after
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
The Maersk billionaire family offered to buy Svitzer Group A/S in a deal valuing the tug operator at about 9 billion kroner ($1.3 billion), just one year after
Sweeping new ‘Liberation Day’ tariffs set to be announced by President Donald Trump could significantly transform global shipping patterns, though
President Donald Trump proclaimed "Liberation Day" in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a
By Stine Jacobsen COPENHAGEN, April 2 (Reuters) – Danish shipping company Maersk has benefited from robust U.S. demand so far this year and expects
The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese
The U.S. Department of Transportation’s (USDOT) Great Lakes St. Lawrence Seaway Development Corporation (GLS) and its Canadian counterpart the St.
The maritime industry’s shift toward alternative fuels continued in March 2025, with 25 new vessel orders featuring alternative fuel systems, according
Nippon Yusen NYK, Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily
Taiwanese container shipping company Yang Ming Marine Transport Corporation has placed an order for three 8,000 TEU methanol dual-fuel-ready containerships
President Trump announced today that U.S.-led strikes have “decimated” Houthi capabilities in Yemen, while issuing stark warnings to both the
The Panama Maritime Authority (PMA) has taken action by deregistering 107 vessels from its registry due to international sanctions violations, with an
President Xi Jinping is seeking to paint China as a steady partner to investors roiled by a global trade war. A spat over a shipping lane coveted by Donald
A Coast Guard inspection team has discovered an unauthorized shipment of Anhydrous Ammonia at Puerto Nuevo Terminals (PNT) in San Juan, Puerto Rico, a facility
Major maritime industry associations have jointly released a comprehensive security guidebook aimed at protecting vessels and crews amid escalating global
Shipowners and charterers are altering leasing contracts to cope with the multi-million dollar port fees expected to be imposed on Chinese-built vessels by the
Shares of companies that haul cars across oceans plunged after President Trump widened his trade war with tariffs on vehicles not made in the
The United States' announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global vehicle suppliers warned of immediate price
The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they
South Korean shipping line HMM has taken delivery of the HMM Green (above), the first in a series of nine 9,000 teu methanol-fuelled containerships being
Globally the shipping sector contributes around 706 million tons of CO2 emissions each year, around 3 percent of the total. The majority of containership
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up